On January 12th 2010 a devastating earthquake with a magnitude of 7.3 struck Haiti. As a result, about 40% of the capital stock of Haiti was…
September 3, 2020
Jon Brooks quit his job in a bicycle shop, where he earned $15,000 per year to become a graduate student in economics.
September 3, 2020

This question is about Intermed Macroeconomic Theory. help me pls

J L Intermediate Macroeconomics Exam 3 1. Consider the following problem: max 2′; fitflnflct) + ln(1 — n,)]| fink”: F": S.t. c, + It,” = Akfnf“ where n, is the labor sugglg. If 01 = 1,0! = [15,121 = 1,,8 = 0.5 and population is constant over time,find the steady state values of consumption, investment, output, labor, leisure, savingrate, and utility. 2. Consider the following problem: nomax 2 fitlnfict)ctht+1n9t t—n fists Ct + kt+1 + 9: = Akfgf where g, is government spending. If at — 1, o: — 0.5,A — 1,3 — 0.5, 6′ — 0.25, and population isconstant over time, find the steady state values of consumption, investment, output,government spending, saving rate, and utility.

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